Category: Capital Market/Banking

FRC suspends Peterside, three IBTC directors
October 27, 2015 No Responses

FRC suspends Peterside, three IBTC directors

THE Financial Reporting Council, FRC has suspended Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside, and three directors of the company from signing any financial statement, over allegations of improper disclosures in the financial statements of the bank for 2013 and...
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FBN Holdings declares N390.0b gross earnings in Q3
October 27, 2015 No Responses

FBN Holdings declares N390.0b gross earnings in Q3

FOR the third quarter ended September 30, 2015, FBN Holdings Plc has declared N390.0 billion Gross Earnings, up by 16.9 per cent when compared to N333.6 billion recorded within same period in 2014. According to the unaudicted results, net interest...
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No extension for BVN registration, says CBN
October 23, 2015 No Responses

No extension for BVN registration, says CBN

THE Central Bank of Nigeria (CBN) has vowed not to extend the  October 31 deadline set for  all bank customers in the country to be registered under the Bank Verification Number (BVN). The CBN Deputy Director, Consumer Protection Department, Hajia...
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Access Bank declares N258b Gross Earnings in Q3
October 22, 2015 No Responses

Access Bank declares N258b Gross Earnings in Q3

THE Board and management of Access Bank Plc declared improved unaudited result  for the third quarter ended September 30, 2015. The unaudited third quarter 2015 financial results released to the Nigerian Stock Exchange (NSE) indicated that Access Bank recorde...
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FBN Capital to holds forum next week
October 21, 2015 No Responses

FBN Capital to holds forum next week

PLANS  has been concluded by FBN Capital Limited, the Investment Banking and AssetManagement subsidiary of FBN Holdings Plc, to host key stakeholders at the 5th edition of its annual investor conference. Scheduled to take place on 27th of October 2015...
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Fortis Microfinance Bank 123 % increase in profit
October 21, 2015 No Responses

Fortis Microfinance Bank 123 % increase in profit

Fortis Microfinance Bank (FMB) Plc has announced a growth of 123 per cent in profit after tax for the nine months ended September 30, 2015. According to the results made available by the Nigerian Stock Exchange (NSE), FMB posted net...
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Fidelity Bank targets new opportunities
October 20, 2015 No Responses

Fidelity Bank targets new opportunities

THE Group Managing Director of Fidelity Bank Plc, Nnadi Okonkwo has assured its customers and other stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration. Addressing Stockbrokers in Lagos, he e...
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Fidelity to list N30b on FMDQ platform
October 19, 2015 No Responses

Fidelity to list N30b on FMDQ platform

AS part of measures to boost Small and Meduim Enterprises (SMEs) financing and enhance domestic debt market, Fidelity Bank Plc has listed N30bn bond on FMDQ OTC. This follows the listing the Nigeria Mortgage Refinance Company Plc (NMRC) ₦8b series 1, 15-Ye...
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Shareholders laud UBA’s Q3 results
October 19, 2015 No Responses

Shareholders laud UBA’s Q3 results

CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to...
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BVN hits 20 million
September 14, 2015 No Responses

BVN hits 20 million

LESS than 47 days to the second deadline of October 31, 2015, the  Biometric Verification Number (BVN) project has recorded  20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interes...
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First Bank unveils new products for schools
September 14, 2015 No Responses

First Bank unveils new products for schools

New products aimed at supporting school operators and entrepreneurs  has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan a...
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FBN Holdings Gets New Group Managing Director
September 8, 2015 No Responses

FBN Holdings Gets New Group Managing Director

Executive Director, South, First Bank of Nigeria Limited, Mr UK Eke is to replace Mr Bello Maccido as Group Managing Director of FBN Holdings Plc with effect from January 1, 2016. Maccido, pioneer Group Chief Executive Officer, FBN Holdings, is...
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UBA declares 20k interim dividend
September 4, 2015 No Responses

UBA declares 20k interim dividend

FOREMOST financial services group, United Bank for Africa (UBA) Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value...
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Dangote Cement, FBN Holdings, others join NSE premium index board
August 26, 2015 No Responses

Dangote Cement, FBN Holdings, others join NSE premium index board

Foremost listed firms, Dangote cement Plc, FBN Holdings Plc and Zenith International Bank Plc  have  joined new Nigerian Stock Exchange (NSE) Premium Board and the associated Premium Board Index. The firms were cleared based on  market capitalisation of N2....
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